Bank of Montreal Can Purchases New Position in Embraer S.A. (NYSE:ERJ)

Bank of Montreal Can purchased a new stake in Embraer S.A. (NYSE:ERJ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 70,529 shares of the aerospace company’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ERJ. Daiwa Securities Group Inc. acquired a new stake in Embraer in the 1st quarter worth about $262,000. KCS Wealth Advisory boosted its holdings in Embraer by 1.4% in the 2nd quarter. KCS Wealth Advisory now owns 63,562 shares of the aerospace company’s stock worth $983,000 after buying an additional 889 shares during the last quarter. Waterfront Wealth Inc. boosted its holdings in Embraer by 3.6% in the 2nd quarter. Waterfront Wealth Inc. now owns 89,808 shares of the aerospace company’s stock worth $1,369,000 after buying an additional 3,160 shares during the last quarter. Bank of Hawaii boosted its holdings in Embraer by 1.7% in the 1st quarter. Bank of Hawaii now owns 58,696 shares of the aerospace company’s stock worth $961,000 after buying an additional 963 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in Embraer in the 1st quarter worth about $3,724,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

ERJ has been the topic of several recent research reports. Citigroup upgraded Embraer from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, October 16th. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Embraer has a consensus rating of “Buy” and a consensus target price of $20.10.

Embraer Trading Up 2.9 %

Shares of Embraer stock opened at $15.61 on Friday. The stock has a market cap of $2.87 billion, a P/E ratio of -390.25, a P/E/G ratio of 1.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.65 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $14.26 and its 200-day simple moving average is $14.76. Embraer S.A. has a 1-year low of $9.49 and a 1-year high of $17.14.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Monday, August 14th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.12 by $0.20. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.16 billion. Embraer had a negative net margin of 0.11% and a positive return on equity of 1.62%. Analysts predict that Embraer S.A. will post 0.69 EPS for the current fiscal year.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.